HERO TOKEN
I missed out on OmiseGo. Didn't even know that they had an ICO and I saw it mooning...
This time I'm not going to do the same mistake.
I haven't been writing recently about any ICOs or my market decisions, I was focused on doing them. But looking at upcoming ICOs I found this hidden gem:
The Future of Banking in Southeast Asia
Hero's mission is to revolutionize the banking industry to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.
600M Potential Customers
Southeast Asia is the world's fastest growing Internet region and it is the 4th largest Internet market in the world.
70%+ Unbanked
More people have a Facebook account than bank accounts.
And you know? The are not lying! I moved to the Philippines 3 months ago and from my experience and from what people already had told me, here it's like 90%+ are unbanked. Credit cards are still something new and not available to vast majority of the population.
And this is the moment where our HERO steps in :)
I strongly believe that this project is capable of delivering what are they planning to do because they are working in the market for a few years and have experience, people and know-how.
As you see they are on track and rolling since 2014. I like backing projects that have a real product or at least MVP, rather than ones which appeared on bitcointalk just a week ago...
Token details
Hero has been created to make both financial return and positive social impact. A Hero token represents the right to receive a reward, which is part of the interest income earned. It does not represent equity in the company nor have any intrinsic value. All tokens in aggregate will have the right to receive up to 20% of interest income.
Payout structure
Up to 20% of the distributable interest income is transferred to the specific Ethereum (ETH) wallet on a quarterly basis. The ETH is then redistributed to all holders of Hero tokens according to the smart contract conditions (i.e. the stake of interest income is received pro-rate the share of tokens owned.)
How to spot a great ICO:
I always say the OMG-caliber kind of dream icos are the ones that:
- strong fundamentals of business, that can move/shake up the niche that they move into e.g. OMG for payment eco-system
- already have existing business outside of blockchain and wants to move into blockchain e.g. Omise opening up Omisego as their blockchain arm
- have kickass all-star management team + advisors
- already have existing products or a MVP
- already have or pending collaboration cross countries
They already won a lot of awards for their product:
What I really like about this ICO is the distribution:
They are offering 80% for the ICO investors which is rare nowadays.
Why I'm going t o invest a lot in this ICO:
- idea
- ready product
- great team
- fair distribution
- max ICO cap of 250 000 ETH is big but not too big to this kind of project
ICO details
Token Distribution - right after sending ETH but tokens are locked and not transferable/tradeable till the end of the ICO
Hero Tokens are created and given to buyers as soon as they give ethers to the sale contract. Trading and transferability only starts after the end of the token sale. From a practical point of view, this achieves the same thing as not giving the tokens until after the sale. But from a technical standpoint, we avoid the problem of the token handout at the end of the sale from running into the gas limit.
Hero Token price
1 HERO token is equal to 0.005 ETH (1 ETH will buy 200 Hero tokens)
Accepted Cryptocurrencies
Ethereum (ETH), ETH Classic, BitCoin (BTC), Ripple, LiteCoin, Waves
Total supply
250,000 Ethereum (ETH) worth of Hero Tokens (equivalent to 50,000,000 Hero Tokens). The final number of Hero tokens is defined after the end of the token sale based on amounts contributed.
How to invest?
You need to register to their Slack and ask @David for a whitelist and the amount you wish to invest.
Minimum presale investment is 10 ETH.
Extra tokens are offered to those who commit early. During the first 3h of the presale you will get +30% bonus token and +20% if you come after the initial period (3:01h-24h). After day one you receive +10% on Day 2 to Day 3.
HERO TOKEN SLACK: https://herotoken.slack.com
HERO TOKEN WEBSITE: https://herotoken.io/
HERO TOKEN ANN THREAD: https://bitcointalk.org/index.php?topic=2088817
Presale to be announced. Stay tuned. Follow me here and my twitter to get the latest news: https://twitter.com/dawid_rams
My bitcointalk: https://bitcointalk.org/index.php?action=profile;u=983261